An interest-only loan is a twist regarding the adjustable loan theme. By having an interest-only loan, you just pay the attention due from the loan (with no cash towards the key quantity loaned for your requirements) for the very first amount of the mortgage. Throughout the second the main loan, you spend both the attention as well as the major payments, that are now bigger than they might have now been with a set loan, online title loans iowa as you’ve been placing them down through the interest-only years.